BOSS Wallet data source, Polkadot's current price trend, the latest price of DOT has broken through to $9.705, with an increase of 2.03%, and a trading volume of $1.415 billion.
According to the K-line chart analysis, it is currently in a volatile trend. Compared to 18:00, it has risen significantly, rebounding from 11:00, and breaking through the high point of 19:00. When prices rise while trading volume decreases, it usually indicates that the upward momentum of the market is weakening, and the number of buyers is decreasing.
This phenomenon of divergence between volume and price is often due to a lack of selling pressure. In this case, future prices may correct or consolidate sideways. Due to the lack of trading volume support, it is difficult for price increases to sustain, and investors should be wary of the risk of a high-level pullback. They should pay attention to whether trading volume can accompany price increases and whether new buyers are entering the market.
Market heat is low, and trading volume is decreasing. The Williams indicator suggests that it is currently an overbought period. Recently, trading volume has decreased, with volume lower than in previous hours, while prices are rising and volume is declining: upward momentum is weakening.
Upward momentum is weakening; it is recommended to operate cautiously, monitor changes in trading volume, and avoid entering blindly.
The above content is for reference only and does not constitute investment advice.